21 November 2016
Wentworth Resources Limited
("Wentworth" or the "Company")
Notification of Trade / Director Dealings
Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, was notified on the 18 November, 2016 of the following transactions by directors of the Company:
On 18 November, 2016 Mr. Geoffrey Bury, Managing Director of the Company, acquired 100,000 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of NOK 2.15 per Ordinary Share. Following the acquisition, Mr. Bury has an interest in 400,000 Ordinary Shares representing 0.24 per cent. of the Company's issued share capital. Mr. Bury also holds 1,900,000 share options in the Company.
On November 18, 2016, Mr. Lance Mierendorf, Chief Financial Officer, acquired 60,000 ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of GBP 0.21 per Ordinary Share. Following the acquisition, Mr. Mierendorf has an interest in 110,000 Ordinary Shares representing 0.06 per cent. of the Company's issued share capital. Mr. Mierendorf also holds 1,300,000 share options in the Company.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 Details of PDMR/person closely associated with them ('PCA')
a) Name - Geoffrey Bury
2 Reason for the notification
a) Position/status - PDMR-Managing Director
b) Initial notification /Amendment - Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name - Wentworth Resources Limited
b) LEI - 213800IW2LNKOYYG7412
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument - Ordinary shares of no par value Identification code - CA9506771042
b) Nature of the transaction - Market purchase of ordinary shares
c) Price(s) and volume(s)
| Price(s) | Volume(s) |
| NOK 2.15 | 100,000 |
d) Aggregated information - Aggregated volume - 100,00 - Price - NOK 2.15
e) Date of the transaction - 18 November 2016
f) Place of the transaction - XOSL
1 Details of PDMR/person closely associated with them ('PCA')
a) Name - Lance Mierendorf
2 Reason for the notification
a) Position/status - PDMR-Chief Financial Officer
b) Initial notification /Amendment - Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name - Wentworth Resources Limited
b) LEI - 213800IW2LNKOYYG7412
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument - Ordinary shares of no par value Identification code - CA9506771042
b) Nature of the transaction - Market purchase of ordinary shares
c) Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 0.21 | 60,000 |
d) Aggregated information - Aggregated volume - 60,000 - Price - GBP 0.21
e) Date of the transaction - 18 November 2016
f) Place of the transaction - AIM
| Enquiries: | ||
| Wentworth | Geoffrey Bury Managing Director | gpb@wentworthresources.com +403 993 4450 |
| Lance Mierendorf, Chief Financial Officer | lance.mierendorf@wentworthresources.com +403 680 8773 | |
| Katherine Roe Vice President Corporate Development & Investor Relations | katherine.roe@wentworthresources.com +44 7841 087 230 | |
| Swedbank First Securities | Broker (Norway) | +47 23 23 80 00 |
| Ove Gusevik | ||
| Jarand Lønne | ||
| Crux Advisers | Investor Relations Adviser (Norway) | +47 909 808 48 |
| Jan Petter Stiff | ||
| Carl Bachke | ||
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK) | +44 (0) 20 7710 7600 |
| Callum Stewart | ||
| Ashton Clanfield | ||
| FirstEnergy Capital | Broker (UK) | +44 (0) 20 7448 0200 |
| Hugh Sanderson | ||
| FTI Consulting | Investor Relations Adviser (UK) | wentworth@fticonsulting.com +44 (0) 20 3727 1000 |
| Edward Westropp |
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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